Bloomberg The oil market will suffer a long-lasting blow from the coronavirus, with demand taking years to recover and peaking at a lower level, the International Energy Agency (IEA) said. After an unprecedented 8% drop this year, global oil consumption will return to pre-crisis levels in 2023, provided Covid-19 is brought under control next year, the Paris-based agency said on ...

ABU DHABI / WAM The Mohamed bin Zayed Species Conservation Fund (MBZ Fund) on Tuesday announced it will expand its grant-making criteria to help partners meet core emergency operating needs precipitated by the Covid-19 crisis. The move aims to ensure the survival of small, grassroots conservation organisations whose finances have been impacted by the pandemic. To help organisations avoid layoffs, ...

Abu Dhabi / WAM The Director-General of the National Emergency Crisis and Disasters Management Authority (NCEMA) Obaid Rashid Al Shamsi, has said that the UAE is a pioneering global model in the way it responded to the pandemic, thanks to the government’s foresight and proactive approach in managing the crisis. In a speech on the occasion of International Day for ...